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The replacement reserve (also known as contingency reserve) is reserve power provided by generators that require a longer start-up time (typically thirty to sixty minutes). It is used to relieve the generators providing the spinning or non-spinning reserve and thus restore the operating reserve (confusingly the replacement reserve is sometimes ...
The BRICS Contingent Reserve Arrangement (CRA) is a framework for the provision of support through liquidity and precautionary instruments in response to actual or potential short-term balance of payments pressures. [1] It was established in 2015 by the BRICS countries: Brazil, Russia, India, China and South Africa.
The BRICS Contingent Reserve Arrangement (CRA) is a framework for protecting against global liquidity pressures. [125] [128] [132] This includes currency issues where members' national currencies are being adversely affected by global financial pressures.
The United States Marine Corps Reserve was established when Congress passed the Naval Appropriations Act of 29 August 1916, and is responsible for providing trained units and qualified individuals to be mobilized for active duty in time of war, national emergency, or contingency operations.
Reserves are the main asset of an oil & gas company; booking is the process by which they are added to the balance sheet. Contingent and prospective resource estimates are much more speculative and are not booked with the same degree of rigor, generally for internal company use only, reflecting a more limited data set and assessment maturity.
In insurance, an actuarial reserve is a reserve set aside for future insurance liabilities. It is generally equal to the actuarial present value of the future cash flows of a contingent event. In the insurance context an actuarial reserve is the present value of the future cash flows of an insurance policy and the total liability of the insurer ...
The cost contingency which is included in a cost estimate, bid, or budget may be classified as to its general purpose, that is what it is intended to provide for. For a class 1 construction cost estimate, usually needed for a bid estimate, the contingency may be classified as an estimating and contracting contingency.
According to former Reserve Bank of India governor Raghuram Rajan, the NDB "Is a co-operative effort between all BRICS countries." "We have already reached contingency reserve agreement (CRA). This is second. Let's see how it develops. Lots of hopes embedded in it for greater cooperation (among the) BRICS countries," he told reporters in ...